Kuwait to host Iraq reconstruction summit

Economy Kuwait to host Iraq reconstruction summit

Kuwait will host an international conference in February on the reconstruction of war-torn Iraq, in cooperation with the World Bank and private companies, it said Monday.

Deputy Foreign Minister Khaled al-Jarallah said that despite "past wounds" -- a reference to Iraq's 1990 invasion of Kuwait -- his country had a "moral, humanitarian and Arab" duty to support its neighbour.

"The stability of Iraq is the stability of Kuwait and the region," he said.

Iraqi forces have regained swathes of territory from the Islamic State group since the jihadists seized a third of Iraq and large parts of Syria in 2014.

In December, Baghdad declared victory over the group following three years of war.

The Kuwait conference, from February 12-14, will devote its second day to the role of the private sector and civil society organisations in reconstruction, Jarallah said.

Mehdi al-Alaq, the secretary general of Iraq's Council of Ministers, said Baghdad and the World Bank had estimated reconstruction would cost at least $100 billion (84 billion euros).